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Strategies & Market Trends : Value Investing
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To: Carl Worth who wrote (20965)3/27/2005 4:26:59 PM
From: LauA  Read Replies (1) of 78954
 
Carl Worth - If there's a real estate bubble, the ramifications will cycle through investing, even 'value' investing.

I have neither interest in participating in ad hominem attacks, nor rebutting your reasoning. I posted on TARR because I've never considered it a 'value' investment. I purchased it as part of an end-of-the-year statistical 'basket'. (I won't bore you with the math, but I assure you that the devil is in the details.) Suffice it to say, my pupils dilated as the price increased. I apologise for using metaphor in describing my sell rationale.

I confess that I'm one of those dopes who paid off his mortgage because it was the equivalent of owning a 7% AAA bond, and I was unable to find similar risk/reward ratio in the market. (As someone who pays AMT, the tax benefit of a mortgage is ephemeral. I can get a zero points home equity loan with a phone call should a great opportunity show up.)

I try not to mix price and value. My house would only return market price if I were to sell it. Since I value living in it, I don't want to sell it. Then why bother to price it?

I'm not pessimistic at all. I'm bored. Sitting with a lot of cash is boring.

Meanwhile, you might be interested in another 'hot' market - Las Vegas: latimes.com

To quote Herbert Stein: If it can't go on forever, it will stop.

Your mileage may vary.
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